Category Archives: fools ‘n frauds

Troubled Asset Relief Program – Total Cost $32B

The Troubled Asset Relief Program (TARP) of 2008 and other desperate actions let the Department of the Treasury promote stability in financial markets through the purchase and guarantee of “troubled assets.” It was a latter part of the Emergency Economic … Continue reading

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US Car Sales Plummet in February. Trucks Gain Again

The smoking tire and news wheel spin of the month – given Trump’s ongoing trade tirades amidst a complete collapse of White House staff support and an ongoing exodus – came from the American International Automobile Dealers Association Continue reading

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Me Too? Raj Nair, President North America, Fired by Ford

Job One at Ford appears to include masturbating on the assembly line, showing off pictures of penises, molesting and propositioning women and retaliating against those who refused to “go along with the program,” thereby providing an expanded definition of tit for tat. Continue reading

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Gutting Consumer Finance Protection Bureau Hurts Auto Biz

As a congressman, Mick Mulvaney sponsored legislation to abolish the CFPB. A White House budget proposal cuts funding for the CFPB by ~$150 million – 25% of its total budget. Mulvaney has already frozen hiring and put a temporary hold on payments to victims of illegal banking practices. Three to 5 million American households turn to payday loan companies whose storefronts in working class neighborhoods outnumber McDonalds and Starbucks. Continue reading

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More Significant Stories, Trends of 2017. And 2018?

A real victory starting in 2016 came from the work of the Union of Concerned Scientists. (Trump of course wants to ban the word and work of “science” because of its relentless search for the truth that in personal practice Trump has banned as a guiding principle for the largest democracy in the world.) Continue reading

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Significant Stories, Trends of 2017. And 2018?

However, journalists staring down a blank screen, an opaque prelude to more 2018 deadlines, do not have the option to Tweet and constantly Run away from the responsibilities of the job. Here is AutoInformed on some significant automotive related stories of the 2017 year, with our wry awareness, as always, that columnists conduct their education – sometimes not perfectly informed – in public. Continue reading

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Trump’s Stealing from the Poor to Give to the Rich

“Anti-worker politicians have made no secret that they will next try to cut Medicare, Social Security, and, Medicaid. UAW members and retirees will remember those who fought for them and those who did not.” Continue reading

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Merry Christmas – Daimler Boasts of Trump Tax Gifts for Rich

Hoping to boost the stock price no doubt, Daimler on Christmas Eve is saying there will be a significant increase of Group Net Income as a result of Trump’s welfare for the wealthy plan. The law rushed through without public … Continue reading

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Dieselgate Once Again – Porsche to Fix Dirty V6 Diesels

It is no coincidence that in June, the respected German Magazine Der Spiegel first reported the “irregularities.” It also pointed out the existence of a cheating cartel consisting of Audi, BMW, Daimler, Volkswagen and Porsche that lasted for many years. The outgoing German government was complicit in allowing the cartel and the emissions in the view of critics because so many jobs were at stake. Continue reading

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Lies and Deflections Worth Noting on Virgin Islands & Puerto Rico from Bureaucrats Doing Nothing to help U.S. Citizens

“We are dying, and you are killing us with the inefficiency, and the bureaucracy,” San Juan Mayor Carmen Yulín Cruz said Friday at a news conference. She highlighted donations from companies and others, including 200,000 pounds of food donated by Goya, as a contrast to federal help. Continue reading

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Non-Fake News: Americans Differ in Trusting Sources – Pew

Americans fall into categories ranging from those “interested and engaged with information to those who are wary and stressed.” The survey explores five distinct groups of people’s engagement with information and finds that a pair of elements stand out when it comes to citizens’ enthusiasm for engagement: Continue reading

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Social Media Providing News to Most Americans, Alas

For the first time in Center surveys, more than half (55%) of Americans ages 50 or older report getting news on social media sites, up 10 percentage points from 2016. Continue reading

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Hurricane Harvey Once Again Raises Fraud in Auto Titles

Hurricane Harvey, aside from the ill-preparedness of government and the vast human tragedy that occurred – it is could hurt people far from the storm flooding if they buy a car flood car with a fraudulent or “washed” title. Continue reading

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Michigan has Costliest Auto Insurance. Maine Lowest

Maine, Ohio and Idaho all have competitive insurance marketplaces and less expensive car insurance premiums, according to a new study. Michigan was labelled the most expensive state for car insurance for the fourth consecutive year. The lowest Michigan has even been on the most expensive list is third, back in 2012. It’s a disgrace from a broken, lawyer dominated system. That was the year that Louisiana, who claimed second place this year for most expensive, took the No. 1 spot. Continue reading

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California Gets $153m More from VW on Dieselgate

In California, VW’s cheating is particularly harmful because California’s air quality is worse than anywhere else in the nation. Ten million Californians live within the nation’s only severe non-attainment areas for ozone pollution, and 12 million live in areas with nation-leading levels of fine particle pollution. Continue reading

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